October 26, 2007

Sensex-spectacular show closes over 19243

The benchmark Sensex regained 19,000 points level on the Bombay Stock Exchange on Friday on aggressive buying by funds, discounting the market regulator's move yesterday's to restrict foreign funds inflow, and closed at a new peak of over 19,243 points.

The Sensex, which had plummeted in past few sessions from record 19,000 points level, bounced back by 472.28 points to 19,243.17, another record peak set in today's trade, surpassing the previous closing record set on October 15.

It touched the day's high of 19,276.45 and a low of 18,629.53 points.

It was a spectacular week for the Indian market with high drama and action. The market witnessed some volatility on the P-note issue, but the bulls were back, firmly in control. The weekly gains were impressive with the Sensex gaining 9.7%, Nifty, 9.5%, BSE Midcap Index, 10.5%, BSE Smallcap Index 8.5%, BSE Capital Goods Index 20%, BSE Bankex Index 16%, BSE Metal Index 15% and BSE Realty Index 10% over the week.

Nifty closed at 5702, up 133 points from the previous close.

Tags: sensex, nifty, sensex up

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